USDJPY | Perspective for the new week
The USDJPY has been on a robust bullish momentum since the beginning of the year and despite the breakdown of the trend structure; the extremely positive jobs numbers from the NFP make it more likely the trend isn't over yet. In this video, I have exp[lained what my expectations are this week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active:
We are right within the supply zone identified in the video and we have a pennant structure appearing in the lower time frame. I want to be getting ready for a selling momentum and I will be scaling my position gradually as confirmation happens.
Good morning
Good morning
Trade active:
I am thinking of scaling in but considering the possibility of a retest of the pennant structure. Let's see what happens.
Good afternoon
Good afternoon
Trade active:
We are still within the selling window
Good morning
Good morning
Trade active:
Price action remains within my entry zone since the beginning of the week as the price finally breaks down the bullish trendline during the early hours of today. My bearish momentum still remains valid.
Good morning
Good morning
Trade active:
Locking in some profit
Trade active:
Locking in some more profit
Good night
Good night
Trade smart. Trade consciously
